Report cover image

North America Electric Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Propulsion (Pure Electric and Hybrid Electric), By Application, By Seating Capacity, By Battery Type, By Drive Type, By Country and Growth Fore

Publisher Knowledge Based Value (KBV) Research
Published Nov 30, 2022
Length 118 Pages
SKU # KBV17582958

Description

North America Electric Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Propulsion (Pure Electric and Hybrid Electric), By Application, By Seating Capacity, By Battery Type, By Drive Type, By Country and Growth Forecast, 2022 - 2028

The North America Electric Utility Vehicle Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).

A utility vehicle is a motorized vehicle that is designed to do a certain duty more effectively than a passenger vehicle. Occasionally, it refers to a compact truck with short sides. Military light utility vehicle, or simply LUV, refers to the type of military vehicle with the lightest weight class. A Jeep-like four-wheel drive vehicle designed for military use that is by definition lighter in contrast to other military trucks and vehicles, intrinsically small, and typically equipped with light or no armor, short body overhangs for agile all-terrain mobility, and a passenger capacity of approximately four.

These are huge vehicles capable of a variety of applications. Typically, they allow for simple conversion between numerous passenger and luggage configurations. A greener alternative to utility terrain vehicles powered by internal combustion engines is the electric utility vehicle. Increasing industrial field expenditures, the repair and retrofitting of outdated equipment, a growing emphasis from automobile manufacturers and rising carbon vehicle emissions are the major global market drivers. Moreover, government discounts and subsidies to promote the usage of electric utility cars are anticipated to generate a substantial number of possibilities in the coming years.

North America is an appealing market for industrial vehicle manufacturers because of factors like a significant e-commerce industry and a well-established ecosystem for industrial and manufacturing enterprises with warehouse capacities. In addition, a large 3PL network has contributed to the expansion of the North American warehousing industry. Annual exhibitions as well as trade shows, such as ProMat and MODEX assist material handling equipment manufacturers in locating potential customers in the region, hence driving the demand for electric industrial utility vehicles.

The US market dominated the North America Electric Utility Vehicle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,293.2 million by 2028.The Canada market is poised to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% during (2022 - 2028).

Based on Vehicle Type, the market is segmented into Industrial Electric Utility Vehicles, Electric Shuttle Carts, Electric Utility Carts, Electric UTVs and Electric ATVs. Based on Propulsion, the market is segmented into Pure Electric and Hybrid Electric. Based on Application, the market is segmented into Industrial, Commercial Transport, Recreation, Agriculture and Others. Based on Seating Capacity, the market is segmented 2-Seater, 1-Seater and Greater Than 2 Seater. Based on Battery Type, the market is segmented into Lithium-Ion, Lead Acid and Others. Based on Drive Type, the market is segmented into 2WD, 4WD and AWD. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Yamaha Motor Co., Ltd., Toyota Industries Corporation, BYD Company Ltd., Kion Group, Godrej Group (Godrej Material Handling), Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.). Waev, Inc., and Addax Motors N.V.

Scope of the Study

Market Segments covered in the Report:

By Vehicle Type
  • Industrial Electric Utility Vehicles
  • Electric Shuttle Carts
  • Electric Utility Carts
  • Electric UTVs
  • Electric ATVs
By Propulsion
  • Pure Electric
  • Hybrid Electric
By Application
  • Industrial
  • Commercial Transport
  • Recreation
  • Agriculture
  • Others
By Seating Capacity
  • 2-Seater
  • 1-Seater
  • Greater Than 2 Seater
By Battery Type
  • Lithium-Ion
  • Lead Acid
  • Others
By Drive Type
  • 2WD
  • 4WD
  • AWD
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Textron, Inc.
  • Polaris, Inc.
  • Yamaha Motor Co., Ltd.
  • Toyota Industries Corporation
  • BYD Company Ltd.
  • Kion Group
  • Godrej Group (Godrej Material Handling)
  • Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
  • Waev, Inc.
  • Addax Motors N.V.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

118 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Utility Vehicle Market, by Vehicle Type
1.4.2 North America Electric Utility Vehicle Market, by Propulsion
1.4.3 North America Electric Utility Vehicle Market, by Application
1.4.4 North America Electric Utility Vehicle Market, by Seating Capacity
1.4.5 North America Electric Utility Vehicle Market, by Battery Type
1.4.6 North America Electric Utility Vehicle Market, by Drive Type
1.4.7 North America Electric Utility Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2022, Aug) Leading Players
Chapter 4. North America Electric Utility Vehicle Market by Vehicle Type
4.1 North America Industrial Electric Utility Vehicles Market by Country
4.2 North America Electric Shuttle Carts Market by Country
4.3 North America Electric Utility Carts Market by Country
4.4 North America Electric UTVs Market by Country
4.5 North America Electric ATVs Market by Country
Chapter 5. North America Electric Utility Vehicle Market by Propulsion
5.1 North America Pure Electric Market by Country
5.2 North America Hybrid Electric Market by Country
Chapter 6. North America Electric Utility Vehicle Market by Application
6.1 North America Industrial Market by Country
6.2 North America Commercial Transport Market by Country
6.3 North America Recreation Market by Country
6.4 North America Agriculture Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Electric Utility Vehicle Market by Seating Capacity
7.1 North America 2-Seater Market by Country
7.2 North America 1-Seater Market by Country
7.3 North America Greater Than 2 Seater Market by Country
Chapter 8. North America Electric Utility Vehicle Market by Battery Type
8.1 North America Lithium-Ion Market by Country
8.2 North America Lead Acid Market by Country
8.3 North America Others Market by Country
Chapter 9. North America Electric Utility Vehicle Market by Drive Type
9.1 North America 2WD Market by Country
9.2 North America 4WD Market by Country
9.3 North America AWD Market by Country
Chapter 10. North America Electric Utility Vehicle Market by Country
10.1 US Electric Utility Vehicle Market
10.1.1 US Electric Utility Vehicle Market by Vehicle Type
10.1.2 US Electric Utility Vehicle Market by Propulsion
10.1.3 US Electric Utility Vehicle Market by Application
10.1.4 US Electric Utility Vehicle Market by Seating Capacity
10.1.5 US Electric Utility Vehicle Market by Battery Type
10.1.6 US Electric Utility Vehicle Market by Drive Type
10.2 Canada Electric Utility Vehicle Market
10.2.1 Canada Electric Utility Vehicle Market by Vehicle Type
10.2.2 Canada Electric Utility Vehicle Market by Propulsion
10.2.3 Canada Electric Utility Vehicle Market by Application
10.2.4 Canada Electric Utility Vehicle Market by Seating Capacity
10.2.5 Canada Electric Utility Vehicle Market by Battery Type
10.2.6 Canada Electric Utility Vehicle Market by Drive Type
10.3 Mexico Electric Utility Vehicle Market
10.3.1 Mexico Electric Utility Vehicle Market by Vehicle Type
10.3.2 Mexico Electric Utility Vehicle Market by Propulsion
10.3.3 Mexico Electric Utility Vehicle Market by Application
10.3.4 Mexico Electric Utility Vehicle Market by Seating Capacity
10.3.5 Mexico Electric Utility Vehicle Market by Battery Type
10.3.6 Mexico Electric Utility Vehicle Market by Drive Type
10.4 Rest of North America Electric Utility Vehicle Market
10.4.1 Rest of North America Electric Utility Vehicle Market by Vehicle Type
10.4.2 Rest of North America Electric Utility Vehicle Market by Propulsion
10.4.3 Rest of North America Electric Utility Vehicle Market by Application
10.4.4 Rest of North America Electric Utility Vehicle Market by Seating Capacity
10.4.5 Rest of North America Electric Utility Vehicle Market by Battery Type
10.4.6 Rest of North America Electric Utility Vehicle Market by Drive Type
Chapter 11. Company Profiles
11.1 Textron, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Regional & Segmental Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.2 Polaris, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.3 Yamaha Motor Co., Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.4 Toyota Industries Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.5 BYD Company Ltd.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.6 Kion Group
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.7 Godrej Group (Godrej Material Handling)
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.8 Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.9 Waev, Inc.
11.9.1 Company Overview
11.10. Addax Motors N.V.
11.10.1 Company Overview

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us